Feb 4, 2013 6:00pm EST
move the needle. and by the way, the army, knave v navy marines, they don't move that fast. i don't think you should look at this issue in a way to be able to make money off of it, though. it's really not a needle-mover. as a matter of fact, it can be negative for a lot of the defense companies as we know and they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim, i have heard you say when considering playing the downside of an equity you would short the stock rather than buy a put. please elaborate on your reasoning on this. danny, i'm so glad you sent me this because if i have created any misperception that i favor shorting stocks, it is completely out of character with all my books and what i used to do at my hedge fund or before i had my hedge fund when i was working for goldman sachs or trading for myself. i always do puts. i very rarely do shorts because as i write in "confessions of a street addict," i was a victim of horrible short squeezes that lost me a ton of money. use puts, i don't care if there's a premium. let's go to some tweets.